Following Minimum Income Proposal, Salaries For Graduates Drop

University education in Scotland is no longer a guarantee for a good salary, with Scottish degree-holders witnessing a drop in salaries

College-educated employees to the Border’s north consist of one-third of workers, compared to less than one quarter 10 years ago.

However, 10 years ago employees would benefit from approximately 13% of a salary increase per every year of higher education, compared to a considerably lower 7.7% increase today.

A report issued by Aberdeen University reveals that qualifications from higher-education are simply not rewarded as highly compared to how they were in the past.

The report adds that employees who possessed a degree from an institution of higher education tended to have a nearly 40% higher salary than employees who had no degrees or qualifications at all.

This percentage has reduced to approximately 30% as of 2016, and the same sort of decrease is visible to all employees who have qualifications, albeit not to the same extent.

These statistics have been revealed as a proposal to grant Scottish students an income of a minimum of £8,100 on an annual basis, similar to the current system implemented in Wales which allows debt cancellations for individuals who move to universities from colleges.

Increased student loans met with poor reception from opposing parties

Not everyone is looking forward to the new proposed plan, which will cost taxpayers an estimated £16,000 annually.

Those who oppose the proposal are wary of encouraging young Scots to pursue higher education considering that levels of student debt have increased by a staggering 13 percent, and loan balances have doubled in the past 10 years.

The average amount of debt owed for Scottish students was approximately £12,000.

Still, the 13% increase in Scotland is not as high as is in other areas: English students face an average of £32,000 in debt.

Ann McDonald is a journalist who has worked for some of the reputed print and electronic media house in the country. She is a regular contributor to USA News and her articles are informative and uphold the view pint of contending parties. She specializes in issues about social justice, race and faith and has reported about the sectarian violence which has erupted regularly around the world. Humanitarian issues and cases of human rights violation are close to her heart and she has a tenacity to follow up all her news stories to their logical end. She has been awarded with various awards for her reporting.

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